Coinbase unveils eight new products in a financial‑supermarket push

The exchange will launch stock and ETF trading and enter prediction markets

US crypto exchange Coinbase unveiled a suite of new products at its annual System Update conference. A highlight was the announcement of a predictions platform.

Prediction markets

Coinbase has partnered with US-regulated venue Kalshi. Exchange users will be able to trade bets on outcomes—from politics to sports—using USDC within the familiar interface.

Initially, Kalshi will provide all liquidity for these operations. Over time, Coinbase plans to connect other platforms.

The exchange’s push into prediction markets first surfaced in November, when researcher Jane Manchun Wong found interfaces in Coinbase’s mobile app for stock trading and prediction wagers.

Stocks and perpetuals

The exchange also announced commission-free trading in stocks and ETF via subsidiary Coinbase Capital Markets Corp. The feature is already available to users in the US.

Certain stocks can be traded 24/7.

The venue is also building infrastructure for stock perpetuals and an institutional tokenization solution, Coinbase Tokenize. More information on these products is expected in 2026.

Coinbase has broadened access to derivatives by launching a simplified interface. Previously, trading in these instruments was available only via the separate Advanced segment for professionals.

Solana integration

Coinbase will integrate Jupiter—the leading DEX aggregator on Solana—into its interface.

Users will be able to trade tokens created in the ecosystem as soon as they launch. The decentralised venue will seek the best price and handle routing, while Coinbase will provide the user experience and wallet.

Over time, the exchange plans to integrate more networks.

Custom stablecoins and payments infrastructure

The exchange announced the launch of Custom Stablecoins, a platform that lets companies issue their own stablecoins. They will be backed by a pool of other digital assets pegged to the dollar, primarily USDC. Pilot partners include Flipcash, Solflare and R2.

In parallel, the company will expand its API platform for developers, opening access to tools for custody, payments, trading and working with stablecoins.

A separate track is the development of the x402 payments protocol, whose monthly turnover has exceeded $200m. To support the standard, the exchange, together with Cloudflare and other market participants, has established the x402 Foundation.

Coinbase Advisor, Base App and business services

The venue introduced Coinbase Advisor—an in‑app AI assistant. It acts as a personal financial adviser: helping analyse markets, build investment portfolios and offer recommendations based on Coinbase’s product suite and up‑to‑date data. The product is currently in beta.

In parallel, Coinbase is expanding the reach of its on‑chain ecosystem—the “super app” Base App now operates in more than 140 countries.

For the corporate sector, the company launched Coinbase Business. The solution is available to firms in the US and Singapore as a full‑fledged replacement for traditional banking. The service enables global crypto payments, asset management, finance automation and yield on USDC balances.

In the near term, Coinbase’s corporate clients will also gain access to all new trading features of the main platform.

Growth prospects

Deutsche Bank initiated coverage of Coinbase shares with a “Buy” rating. The bank projects a 40% rise to a $340 target, reports CNBC.

Analysts’ optimism is tied to its transformation into a universal financial platform. In their view, the new launches open access to fundamentally new markets.

They highlighted two key growth drivers:

1. Derivatives. The launch of CFTC-regulated perpetual futures in the US and a strategic expansion of instruments create long‑term advantages for Coinbase.
2. Stablecoins and subscription services. Rising USDC balances and active use of stablecoins in on‑chain payments make the business model more resilient, reducing reliance on the ebb and flow of trading cycles.

Over the past 24 hours, COIN fell 8.4% to $244. Coinbase shares are trading at a seven‑month low.

Deutsche’s analysts noted that the pullback amid broader market stagnation “opened a window of opportunity” for investors, as the current price does not reflect Coinbase’s long‑term earnings potential.

India

Coinbase received approval from India’s competition regulator to acquire a stake in local platform CoinDCX.

C-2025/10/1342: Commission approves the proposed combination involving acquisition of minority shareholding in DCX Global Limited by Coinbase Global Inc. pic.twitter.com/IG6phSKsfq

— CCI (@CCI_India) December 16, 2025

“We greatly appreciate the decision of the Competition Commission of India to approve our proposal to acquire a minority stake in CoinDCX. This is an important regulatory milestone that deepens Coinbase’s long-term partnership with one of India’s most established and trusted platforms,” commented Coinbase chief legal officer Paul Grewal.

In July, media reported that the US exchange was discussing the purchase of CoinDCX. The latter’s CEO denied the report.

In October, Coinbase announced an investment in the platform to expand its presence in India and the Middle East. The amount was not disclosed. According to CoinDCX, the deal valued the platform at $2.4bn.

In December, Coinbase reopened its app for Indian clients after a two‑year hiatus.